Zorlu Enerji Elektrik Üretim A.S., (ZOREN) Fair Value & Analysis
Utilities · TR · Market cap 11.6B TRY
Fair value as of: Aug 2, 2026
From 8 valuation models · updated today
Share price −15.0% over the past month.
Below-average quality, currently priced close to our fair value.
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- A fairly wide model range (2.33 TRY to 5.48 TRY) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.
How to read this chart
60‑month range 0.8719 TRY – 7.01 TRY · fair‑value band 2.33 TRY – 5.48 TRY · the 2.33 TRY price screens below the 2.33 TRY fair value. Dashed = 300-day average. As of Aug 2, 2026.
Analysis
Zorlu Enerji Elektrik Üretim A.S., (ZOREN) currently trades at 2.33 TRY, while our model-based Fair Value estimate is 2.33 TRY, implying the stock looks roughly 0.0% fairly valued today. We read business quality at 17/100 (below-average quality), in the Utilities sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.
Over the trailing twelve months, Zorlu Enerji Elektrik Üretim A.S., generated revenue of 34.1B TRY at a net margin of -39.3%. Revenue declined 25.9% year over year. It earns a return on equity of -21.7%. Net debt stands at 51.4B TRY. Fundamentals as of Aug 2, 2026
Our scenario range runs from 2.33 TRY (bear case) to 5.48 TRY (bull case); at 2.33 TRY, the current price sits within that range. The share trades about 47% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -30% fair-value upside, at 0%, ZOREN screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 4 models by family
Widest divergence: Multiples (2.33 TRY) versus Dividend Discount (0.0028 TRY). Highest evidence: Gordon GGM (70).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 19 · Market factors (momentum, volatility) 26
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Zorlu Enerji Elektrik Üretim A.S., together with its subsidiaries, engages in the trading, distribution, retailing, and sales of electricity in Turkey and internationally.
Full company description
Zorlu Enerji Elektrik Üretim A.S., together with its subsidiaries, engages in the trading, distribution, retailing, and sales of electricity in Turkey and internationally. It is also involved in wholesale purchase of electrical energy and capacity and sales activities; engineering and consultancy activities for energy projects; operation and maintenance activities for energy projects and other; maintenance, repair, installation, and sale of charging stations; rental, leasing and other services of motorized light land vehicles and cars without adrives; aggregation, balancing service and other services; solar panel production and inverter sales; carbon selling; and panel production. Zorlu Enerji Elektrik Üretim A.S. was founded in 1993 and is based in Istanbul, Turkey.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Zorlu Enerji Elektrik Üretim A.S., reported revenue of 36.2B TRL in FY2025 versus 11.6B TRL in FY2021, a compound +32.8%/yr. Reported net income was −14.7B TRL in FY2025.
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Peer Group
Utilities - Renewable · 217 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Utilities - Renewable median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Utilities - Renewable stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| China Yangtze Power Co 600900 | ¥27.99 | ¥25.13 | -10% |
| Ørsted A/S ORSTED | kr 149.70 | kr 31.40 | -79% |
| Huaneng Lancang River Hydropower Inc 600025 | ¥9.81 | ¥5.57 | -43% |
| Adani Green Energy Limited ADANIGREEN | ₹1,537 | ₹170.50 | -89% |
| AXIA Energia SA AXIAP | $10.74 | $9.65 | -10% |
| VERBUND AG OEWA | €58.65 | €66.19 | +13% |
| BEP BEP | $32.33 | $73.35 | +127% |
| BEPUN BEPUN | C$44.56 | C$10.15 | -77% |
| Fortum Oyj FORTUM | €19.89 | €13.90 | -30% |
| China Longyuan Power Group 001289 | ¥16.21 | ¥8.23 | -49% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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